Scripps to Sell Indianapolis ABC Station WRTV to Circle City Broadcasting for $83 Million

Overview

• Scripps and Circle City Broadcasting announced a definitive agreement, with closing contingent on regulatory and other customary approvals.
• Circle City, led by veteran broadcaster and Indianapolis native DuJuan McCoy, already operates WISH, WNDY and Circulus Digital Media in the market.
• Scripps said proceeds will be used to reduce debt and to strengthen the durability of its local-station portfolio.
• The move follows Scripps’ September agreement to sell WFTX in Florida to Sun Broadcasting for $40 million and a July station swap with Gray Media now before federal regulators.
• The purchase would expand Circle City’s Indianapolis footprint by adding the ABC affiliate to its existing local news and digital operations.